Petrol price goes up 45c a litre

JOHANNESBURG, SOUTH AFRICA - Feb 27 2009 12:30

The retail price of all grades of petrol will rise by 45 cents a litre on Wednesday next week, the Department of Minerals and Energy said on Friday.

This follows an increase of 61 cents a litre last month, after decreases of 134 and 161 cents in the prior two months.

The wholesale price of diesel with a 0,05% sulphur content will decrease by 38 cents a litre.

Diesel with a 0,005% sulphur content will also decrease by 38 cents a litre.

The wholesale price of illuminating paraffin will decrease by 26 cents a litre and the single maximum national retail price for illuminating paraffin will decrease by 34 cents a litre. -- Sapa, I-Net Bridge

Petrol in Gauteng now costs 707 cents a litre from 662 cents before, and it is now 683 cents at the coast from 638 cents before.

During the period under review, the average international product prices of petrol increased while diesel and illuminating paraffin decreased.

The average rand/dollar exchange rate weakened when compared to the previous period.

The average rand/dollar exchange rate for the period January 30 2009 to February 26 2009 was 10,0602 compared to 9,9332 during the previous period.

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